If you haven`t bought LU here:
Then analyzing the options chain and the chart patterns of LU Lufax Holding prior to the earnings report this week,
I would consider purchasing the 1.00usd strike price in the money Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.45.
If these options prove to be profitable prior to the earnings...
1. Weekly Falling Wedge Breakout with a retest at $1.7-$1.6 at lower volume.
2. Fundamentally sound. Simply the variable that it is a Chinese Company makes it so undervalued.
3. CM Williams Vix Fix and WT_LB indicate significant oversold position. Look the combination of these two tools on other companies as well. Works statistically 72%.
Looking at the LU Lufax Holding options chain ahead of earnings , i would buy the $2.5 strike price Calls with
2023-1-20 expiration date for about
$0.20 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
For the China reopening thesis i think LU Lufax Holding is the one of the most undervalued stocks you can own right now! And i will tell you why!
LU Lufax Holding has a ridiculous PE Ratio (TTM) of only 1.81!
The Forward Dividend & Yield is 0.51 (21.79%)!
Last year the stock was $18.30. It has lost most than 90% of its value, while the business is growing and...
Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class...
Bullish argument for LU:
1. higher lows (over the past 3 mths) with every dip leading to the formation of an Ascending Triangle.
2. now above 200 days moving average
Waiting to see if a close above 6.43 neckline would materialise in the coming weeks, preferably on good volume.
p/s the odds of breaking towards the horizontal side is higher for right angle...
See chart for details and stop loss
The detrended price oscillator is showing bullish sentiment building
Excellent long entry because the risk/stop loss is very minimal
The overall favorable financials and rather a low valuation of the Chinese fintech present a new investment opportunity.
Lufax achieved positive year-over-year growth in key financials during the second quarter of 2021.
Larger clients are cutting more shares in credit loan and asset management sectors.
The stock repurchase plan is expected to boost Lufax's...
There are more IPOs coming up and the retail traders are catching on this bandwagon fast and furious.
Lufax was one of them , listed last Friday and a follower asked for my comments. The potential of their business is BIG, imo but it will takes time to ramp up. Currently, their focus is still in China as they know competition will enter soon if they do not take...
